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Martin Shkreli

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Gender Male
Age 41
Date of birth March 17,1983
Zodiac sign Pisces
Born Brooklyn
New York
United States
Height 170 (cm)
NationalityAmerican
Attorney Benjamin Brafman
Job Entrepreneur
Businessperson
Movies/Shows Pharma Bro
Education Baruch College
Zicklin School of Business
Hunter College High School
ConvictSecurities fraud (2 counts); Conspiracy to commit securities fraud
securities fraud
Crimin penaltiSeven years in prison; $72 million in fines
Crimin status Released
Nominations NME Award for Villain of the Year
Date of Reg.
Date of Upd.
ID531971
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Martin Shkreli Life story


Martin Shkreli is an American CEO, hedge fund manager, and fraud convict. Shkreli is the co-founder of the hedge funds Elea Capital, MSMB Capital Management, and MSMB Healthcare, the co-founder and ...

Jailed 'Pharma Bro' Martin Shkreli ordered to repay $64m

Jan 15,2022 3:07 am

Martin Shkreli , the former drug firm executive who ordered dramatic price hikes of a life-saving medicine, has been barred from the industry For Life .

In a decision on Friday, Judge Denise Cote ordered him to repay $64. 6m (£47m) in profits he made from the scheme.

She ruled that Mr Shkreli's actions had violated laws against monopolies.

Mr Shkreli is currently serving a prison sentence for defrauding investors.

But this decision is about action he took in 2015 to raise The Price of Daraprim, a long-established medicine used to treat toxoplasmosis, from $13. 50 to $750 - Around 4,000% - Overnight .

He also designed supply agreements to block competitors from offering a generic version of the unpatented medicine, which is used to treat the parasitic disease in pregnant women and patients with Aids.

The moves were unpopular, and earned him the nick-name " Pharma Bro".

Seven states and the Federal Trade Commission brought a lawsuit over the conduct in 2020, saying he had violated state and federal laws that ban anti-competitive conduct.

In her opinion, US District Judge Cote called Mr Shkreli the " prime mover" in the scheme.

" It was his brainchild and he drove it each step of The Way , " she wrote.

Vyera Pharmaceuticals, which Mr Shkreli founded and was previously known as Turing Pharmaceuticals, earlier agreed to pay $40m.

New York Attorney General Letitia James , one of the officials who brought The Suit , celebrated the decision.

She Said Mr Shkreli and his partner had illegally raised the " price of a life-saving drug as Americans' lives hung in the balance".

" But Americans can rest easy because Martin Shkreli is a Pharma Bro no more. "



Source of news: bbc.com

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